What is Payday filing?
Payday filing is a new government requirement that changes the way you submit your employee payroll information to the Inland Revenue Department (IRD). Currently employers file employee earnings and PAYE information to the IRD each month, no matter how frequently they pay their employees. Under…
Making tax digital in the UK – what you need to know
In less than 6 months’ time, starting April 2019, the first mandatory phase of Making Tax Digital will go live. This change will impact nearly all VAT registered UK businesses. Are you ready? The purpose of MTD is to digitise tax in the UK and…
What are these GDPR changes and what do I do about them?
What is the GDPR? The EU’s General Data Protection Regulation (GDPR) is a new initiative about to come into force on May 25, 2018. The regulation is designed to unify and clarify the disparate data privacy regulations across the European Union. Essentially everyone will now be on…
How exactly do you use the $25,000 tax offset?
2019 ARTICLE UPDATE: Small businesses will now have a $25, 000 limit, up from $20, 000 in 2018. We have been talking a lot about the federal budget throughout last week’s announcements. See our budget roundup here, what it means for small business here and…
The ‘stick and carrot’ budget: the good, the bad and the mediocre
Well there we have it folks, the Federal Budget 2018 is in. We have some good stuff in there, some ok stuff, and some relatively negative stuff, but by and large we have not seen any significant new small business boosters since 2015 – the…
Visions of the 2018 Federal Budget
Ah the federal budget – that unapologetic and mind numbingly dense edict that will change the way you live and do business – either dramatically, or more than likely, in a marginal manner. It may sound less than exciting but really, this is good stuff…
Accounting for the gig economy
Uber, Airbnb, Elance, and Airtasker: these services are the new face of a fresh and expanding mode of employment dubbed the ‘gig economy’. This old yet modernised way of working, in a freelance-style capacity, poses some interesting questions about tax, accounting and compliance. So if…
UK Payroll? Know the rules
If you are a UK business working as an intermediary in the private sector, you may or may not be aware of the off-payroll working rules you have to adhere to. These are commonly known as the HMRC IR35 rules. If you are the person…